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NEWARK-The 222,000-sf 76-year-old Military Park Building will get a top-to-bottom renovation by its ownership partners, Kushner Cos. and Blackacre Capital Management. The 21-story landmark building, also known as 60 Park Place, was built back in 1925.
ORLANDO-Lenders are doing more deals now than a year ago with multifamily and industrial showing up as the favorite risk sectors and big-box and single-tenant retail at the lower end of the spectrum, brokers and owners tell GlobeSt.com. But the money men remain cautious on the more speculative deals.
LOS ANGELES-The seven-year deal gives Marina Medical Billing 26,082 sf of office space on Studebaker Road.
BOSTON-GVA Worldwide enters the market here by adding GVA Thompson Doyle Hennessey & Everest as its new Boston partner. The international real estate services firm has a presence in 85 markets in 24 countries.
SPOKANE, WA-In early 2000, the company doubled its hotel chain through a major acquisition. Its latest plans call for the reallocation of $70 million in assets to debt reduction and continued expansion of its hotel and real estate management arms.
CHICAGO-Venture capital firm GTCR Golder Rauner, LLC now leases 32,000 sf in a long-term extension, which represents an 11,500-sf expansion of its space at TrizecHahn Office Properties' Sears Tower.
HOUSTON-Clay Development & Construction is undertaking a six-building project on 10 acres in the city's northwestern tier. CMI Moulding will buy its 30,000-sf office-warehouse while Dover Equipment will be leasing a 20,000-sf flex project.
NEW YORK CITY-Sen. Joseph I. Lieberman amused the crowd at the 23rd Annual International Hospitality Industry Investment Conference before getting down to business, discussing President Bush's tax cut and the changing Senate.
ORLANDO-The financial software developer is consolidating three area locations at the planned Colonial Center 600 building in suburban Lake Mary, FL, where it will be taking the entire four-story, 200,000-sf building in July 2002 for an estimated aggregate 10-year rent of $46 million.
NORTH BERGEN, NJ-Webvan, the online grocery delivery service, is returning the space to the region's industrial market as the e-commerce retrenchment continues. Insignia/ESG's Ben Katz and Matthew Corpuel will lead the subleasing effort.
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Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
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Download ResourceFrom Placer.ai
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Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
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